Guardian Economist Greg Jericho shows - with interactive graphs - how the RBA’s interest rate policies have missed the mark and depressed Australian living standards in an unprecedented way.
Guardian Economist Greg Jericho shows - with interactive graphs - how the RBA’s interest rate policies have missed the mark and depressed Australian living standards in an unprecedented way.
In the US, the vast majority of mortgages have a fixed rate over decades.
90% of mortgages are fixed-rate for 30 years according to this page: https://www.mortgagecalculator.org/helpful-advice/how-many-years-mortgage-loan.php
I don’t know the details of how that works, but yeah, it’s possible for the vast majority of home borrowers to be on fixed rates.
Fixed rate for the entire term? Fascinating
not just the yanks, I have a mate from france I caught up with earlier this week who could not comprehend how a home loan had a variable rate. She thinks we’re all insane.